For over seven decades, this comprehensive text has been the cornerstone of governmental and nonprofit accounting education, preparing students for successful careers in public accounting and the not-for-profit sector. Originally established by Professor R. M. Mikesell in 1951, this 2025 release continues a legacy of excellence, combining time-tested principles with contemporary insights that reflect today's complex financial landscape.
What sets this edition apart is its practical approach to teaching specialized accounting practices that government and nonprofit organizations actually use. The current author team brings decades of combined experience teaching government and not-for-profit courses, enriched by their professional activities and scholarly writing. This means you're not just learning theory—you're gaining the practical knowledge that will help you navigate the unique challenges of governmental entities and not-for-profit organizations.
Whether you're preparing for a career in public auditing or working within a governmental agency, this text provides the comprehensive foundation you need. You'll explore the specialized financial reporting practices that serve a diverse set of stakeholders, from taxpayers to grantors to beneficiaries. The material is structured to help you understand not just the 'how' of governmental accounting, but the 'why' behind these specialized practices.
The 2025 edition incorporates the most effective instructional tools available, making complex concepts more accessible and engaging. Students appreciate the clear explanations and practical examples that bridge the gap between academic learning and professional application. With its proven track record of success, this text continues to be the trusted choice for instructors who want their students to graduate with confidence in their governmental and nonprofit accounting knowledge.
